John's Video Presentation of " How can we help YOU ! "

With great experience in all cities of San Gabriel Valley , especialy in Monrovia, Arcadia, Bradbury, San Marino, Pasadena, Altadena, La Canada, La Crescenta and other community real estate as well as intimate local area knowledge, I work extensively to help buyers and sellers meet their real estate goals.

Financial ratios are a valuable and easy way to interpret the numbers found in statements. It can help to answer critical questions such as whether the business is carrying excess debt or inventory, whether customers are paying according to terms, whether the operating expenses are too high and whether the company assets are being used properly to generate income.

Protecting your identity, Stop Credit Bureaus Experian, Trans Union, Equifax, from Selling Your Private Information to the scums of the earth or anybody who pays for it ... !

The credit bureaus were ordered by Congress to create this shared one-call opt-out system in 1996. Nothing in the law requires credit bureaus to collect AND SELL YOUR PRIVATE DATA.
The credit bureaus sell names and addresses to credit card companies who in turn mail pre-approved offers of credit to consumers. If you do not want to receive such solicitations, opt out.

Consumers may now request online that the national credit bureaus remove their names from lists sold to companies for marketing pre-approved offers.
You have the ability to opt out of credit card offers that you receive in the mail.

Get off the Lists ! To opt out, optout, opt-out, of unsolicited credit card and mortgage offers, for 5 years or FOR EVER , and to take your name off of direct marketing lists, log on to http://www.optoutprescreen.com or call 1-888-5-OPTOUT or 1-888-567-868
When you call this number, you may request to have your name and address removed from national credit bureau lists

Detail Explanation and Suggested Usage of Proposition 3, Proposition 50, Proposition 58, Proposition 60, Proposition 90, Proposition 110, Proposition 193, for simplified , to clarify, understanding of terms for all clients, not just professionals in the field

Proposition 3
Property Taken By Government Action –Eminent Domanin

• Allows property owners to transfer Prop. 13-factored base year value of real property taken by government action to a comparable replacement property located anywhere in California, if certain qualifying conditions are met. Value limits and other requirements apply. Proof of displacement and supporting documentation is required.

Proposition 50
Property Substantially Damaged by Disaster

• Taxpayers whose property has been destroyed or damaged in a Governor declared disaster area can transfer the Prop. 13 base year value to a comparable property.
• Property is “substantially damaged or destroyed” when it has sustained physical damage amounting to more than 50% of the property’s market value before the disaster occurred.
• Damage includes a property’s loss in value due to permanently restricted access caused by the disaster.

Proposition 58
Parent – Child Transfers (R & T Section 63.1)

• Real Estate transferred from Parent(s) to child(ren), or from child(ren) to parent(s) may be excluded from reassessment.

• The established Prop. 13 taxable value is not affected by the transfer.

• The new owner’s taxes are calculated on the established Prop. 13 value, instead of the current market value when the property is acquired.

• Generally, transfers between legal entities (i.e., corporations, partnerships) owned by parents or children do not qualify.

Proposition 60
Property Owners At Least 55-years old Within County

• Prop. 60 is a constitutional amendment approved by the voters of California in 1986. It is codified in Section 69.5 of the Revenue & Taxation Code, and allows homeowners who are at least 55-years of age to transfer an existing Prop. 13-factored base year value to a replacement residence located within the same county, if certain qualifying conditions are met.

Proposition 90
Property Owners At Least 55-year old Between Counties

• Prop. 90 is a constitutional amendment approved by the voters of California in 1988. It is codified in Section 69.5 of the Revenue & Taxation Code, and allows homeowners who are at least 55-years of age to transfer an existing Prop. 13-factored base year value to a replacement residence located in a different count, if certain qualifying conditions are met. Some counties have not adopted local ordinances to implement Prop. 90. Before attempting to transfer your base year value to another county under the provisions of Prop. 90, you should contact the local County Assessor to discuss eligibility.

Proposition 110
Severely and Permanently Disabled Property Owners

• Prop. 110 is a constitutional amendment approved by the voters of California in 1990. It is codified in Section 69.5 of the Revenue & Taxation code, and allows homeowners who are severely and permanently disabled to transfer an existing Prop. 13-factored base year value to a replacement residence, if certain qualifying conditions are met. Some counties have not adopted local ordinances to implement Prop. 110, you should contact the local County Assessor to discuss eligibility.

Proposition 193
Grandparent – Grandchild Transfers

• Real Estate transferred from grandparent(s) to grandchild(ren) may be excluded from reassessment.
• The established Prop. 13 taxable value is not affected by the transfer.
• Taxes are calculated on the established Prop. 13 value.
• $1 Million limit (taxable value) on transfers of non-principal residence property.
• No dollar limitation on grandparent’s principal residence.
• Generally, transfers directly between legal entities (i.e., corporations, partnerships) owned by grandparents do not qualify.

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John Vostenak, Realtor, CA Broker, Lic#: 00871958 CENTURY 21 Ludecke Inc. • 20 E. Foothill Blvd , Suite 105 • Arcadia, California 91006 USA
Direct Line, Google Voice Mail: 1-626-408-2266 •
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